European Stars And Stripes (Newspaper) - August 17, 1959, Darmstadt, Hesse The stars and stripes monday August 17, 1959 . Report shifts stress from inflation fight to aiding economic growth Washington a a special Cabinet committee headed by Vic president Richard m. Nixon publicly shifted its emphasis from fighting inflation to promoting economic committee which has known As an anti inflation group issued a 1,600-word statement which did t even use the word Infra a committee member said the document entitled what do we really want from our Economy reflected optimism by the group that prices will be kept within reasonable Bounds in months ahead. This bolstered a growing impression that the administration feels Waikiki at something like this of re a i ends shooting spree san Francisco a a roof top sniper angered by loss of $10, turned a business District inter Section into a shooting gallery. More than 30 shots were fire before a police inspector shot a .22 Rifle out of the sniper s hand. A Hospital Steward was seriously wounded in the Street below. He was shot through the Chest. Passerby whom the Steward had tried to Aid was creased on the forehead by a Bullet. Thomas Antonio Gutierrez 22-year old Painter surrendered meekly on the third Story roof after his Rifle was shattered by pistol Bullet fired from the Street. Second shot police inspector George Roscoe describes himself As Only a Little better than average Marksman but he hit the Rifle with his second shot from Street level As other officers rushed the building. Before he was locked in padded cell Gutierrez said he was firing at a bar because a woman he had picked up there the nigh before took $10 from him. One of the sniper s first shot flattened Joseph Starks 39, a passerby with a superficial Steward Charles Coz Zens 26, was shot Down As he tried to help Starks. Before it was Over 30 police were on the scene. Size of bottle stirs Battle Newark . A like whisky and wine you Don t often find a school Board a Church group and a tavern owners association mixed but the new Jersey Council of churches the Teaneck school Board and the state United tavern owners Assn. All said they oppose reducing the minimum size of liquor bottles. The alcoholic beverage control Board is hearing a proposal to reduce the minimum from 12.8 ounces to 8 ounces for distilled spirits. The tavern owners claimed smaller bottles would mean More Home drinking and less bar school Board and the Church Council said smaller bottles would encourage drinking and would be easier for teen agers to obtain. Name it we steal it motto of girls gang colonial Heights a. Up four teen aged girls arrested for shoplifting were said to have admitted to police that they stole on order for their friends. More than half the girls a colonial Heights school Are do ing it one girl said the girls aged 13 to 10, took such items a clothing costume jewelry phonograph records cosmetics Ball Point pens and Radii and had keys to soft drink vending machines. The nation is winning the Batteto keep living costs in Check. Price Levels have been relatively stable for the past year. The committee member who declined to be identified said the group s primary concern is to pro Mote the growth of the Economy. He said stable prices merely Are one Means toward that phrasing however the committeeman de Nied that the Nixon task Force has scrapped the word retold a reporter the new statement substitutes the phrase rises in the general Price level because he said Many people Don t know what inflation Means. For instance he said a lot of people think inflation is the same thing As budget deficit. They Are related he added but they Are not committee s statement de scribed As educational in nature spelled out what the group believes should be the economic goals of the nation. It listed three 1economic growth that is a Large and expanding output of goods and 2maximum employment opportunities meaning not Only a Chance to work but a Chance to hold the kind of Job that suits you Best. 3"reasonable stability of the Price when the committee was set Upin March it was believed its major aim would be to find ways of fighting inflation. Its official Nam suggests this Cabinet committee on Price stability for economic growth. Only seven weeks ago the group sent president Eisenhower an interim report sounding repeated warnings against inflation. The first sentence said the Economy is now at a critical juncture urgently requiring action to forestall inflation and insure economic growth. Tivo gunmen steal $18,442 in 1st . Armoured car theft san Francisco a two gunmen critically wounded a Brink s guard in san Francisco first armoured car Holdup. They fled with $18,442. The robbery apparently care fully planned came As the guard was picking up the Day s receipt sat the Stone town Emporium one of the City s newest department stores. The bandits Well dressed an wearing sunglasses escaped in a stolen Auto which they quickly abandoned. In grave condition the guard Converse Smallwood 43, was in grave condition admission emergency Hospital with four Bullet wounds in his Chest Abdomen and an Arm. A Brink s employee for three years Smallwood spent 20 years in the army. He has two Small children and his wife is expecting third. The armoured car Driver Jaco Siegel 25, was not injured. The b a and i 19 apparently had Learned that Brink s picked up the store s receipts daily at about 3 30 pm a male vacationer looks puzzled As he takes in the charming scenery in Waikiki Honolulu on a Rainy Day. But look at him up Salvage firm prospecting for War s sunken ships Miami up dreams of sunken treasure Are being turned into reality by a Salvage company thatis tackling the Job like a prospector in a Rich Ore Field. Robert j. Stefanich president of isthmus dump and Salvage co., of Miami says there is an estimated $3 billion in cargo aboard some1,900 sent to the Bot Tom during world War ii. Stefanich says his firm has spent$250,000 on research since 1949 to pinpoint the locations of 40 of these ships on which salvaging options have been secured. Ore and metals alone in the holds of these ships he estimates to be Worth $75 million. The return is also handsome on this Type of salvaging operations according to Stefanich. One ship torpedoed off the Louisiana coast in 1942, the salvaging executive says has a Metal cargo valued at $2 million while its re covery will Cost Only about $400,000. Another ship which his com Pany has its Eye on was carrying uranium Ore from Africa valued at $6 million. The biggest strike made by the company Stefanich says is in a one Square mile area off the coast of British Guiana Ameri Ca where 22 vessels were sunk carrying with them $20 million Worth of Copper brass Nickel molybdenum and Chrome ores. He also says he has concluded an . Disc jockey to wed new York a Alan freed Rock n Roll disc jockey and his Secretary Inga lil Bolling took outa marriage License Here. Freed. 37, was married to mar Jorie j. Mccoy. They were divorced last year in Mexico miss Boling is 24. It will be her first marriage. Agreement with Bethlehem steel under which his concern will Sal Vage two of its freighters. Under terms of the agreement Bethlehem will receive 20 per cent of the re covered cargo and first refusal on the rest. Stefanich says this Type of prospecting involves studying ship Ping and insurance company rec ords. The company has also contacted the former officers of Ger Man submarines. They kept marvelous records i their ships logs he said. He says that he is encouraged in his venture by the Success of Sev eral european Marine Salvage firms. However Stefanich threw cold water on recurrent fantasies of raising Gold Laden Spanish galleons. These ships he says were sent tothe Bottom in Waters too deep for salvaging. . To urge new lending organization Washington a the .will propose next month creation of a new $1 billion Many nation organization to lend Money to under developed countries on easier terms than now obtainable from the 6&-Natlon world Bank. A Cabinet committee headed by Secretary of the Treasury Robert b. Anderson discl6sed this in a report to the Striate. A copy assent to president Eisenhower once the articles of agreement Are drawn for the new institution which would be an affiliate of the world Bank the Cabinet group will recommend that the president request legislation authorizing . Membership. The new institution to be known As the International developmentassn., would lend Money to under developed nations on Long terms and at reasonable rates of interest repayable in full or in part in local currencies. The . Plan proposes size. Initial authorized capital of $1 billion with members paying50 per cent of their subscriptions at first and the remainder in equal instalments Over five years. subscription. This would Beabout $320 million or in proportion to this country s subscription tothe world Bank. Replenishment. At 5-year inter Vals the governors would consider increasing its capital. Currency subscribed. Members would make their subscriptions in part in Gold or fully convertible currencies and in part in their own National currencies. Will fight hits Astor s widow Poughkeepsie . Up attorneys for John Jacob Astor seeking to upset the $100 Millionth $200 million will of his half brother Vincent Astor charged that his widow was a designing Wom an who used undue influence to gain an inappropriate share of his estate. They asked surrogate w. Vincent Grady for permission to examine mrs. Mary Brooke Russell Asto about a purported premarital Money agreement and wills which raised her portion of the estate from $5 million to .$55 million. John Jacob was Cut off without Penny in the will which left most of the Astor millions to a Charita ble foundation. High Cost of dessert Spartanburg . A businessman a. D. Cudd who s in Anchorage Alaska developed a craving for some Home grown poaches. So he telephoned grower Paul Black and asked him to ship a Bushel. The peaches left by air express a few hours later. Ship Ping charges amounted to $09.88. Neither ants nor desert heat keep Rock Sitter from sitting Apple Valley Calif. A now it s Rock sitting. Jim Coble has been perched Ona 60-foot High Stone in Southern California s Mojave desert since july 3. He s getting $2 a Day for it and he says he s going to stay up there three months. I be got tremendous willpower says the red bearded 33 year old former Florida Carpente who came to California looking for a Job. What s he doing up there it was the idea of Mike dressier who runs a Western Village a dead Man s Point. He wanted something different for tourists to look s tremendous will Power has carried him through the sear ing desert heat withering winds and the nuisances of rats and Fly ing ants. Most of the time he can t eve Tulk to the sightseers at the base of the Rock. The wind drowns their voices. Coble s Only Contact with the ground is a Cable on which redraws up food and other necessities in a has erected a pole on which he raises the american Flag everyday
